Crypto Currency Thread
Discussion
It was reported that binance reimbursed everyone that had lost out in that hack
“ The even better news is that the company will cover the losses out of its Secure Asset Fund for Users.”
E.g. https://www.wired.com/story/hack-binance-cryptocur...
I don’t know if the reimbursement was in btc or fiat or if it actually happened...
“ The even better news is that the company will cover the losses out of its Secure Asset Fund for Users.”
E.g. https://www.wired.com/story/hack-binance-cryptocur...
I don’t know if the reimbursement was in btc or fiat or if it actually happened...
JPJPJP said:
https://twitter.com/jack/status/119977479291792998...
Sad to be leaving the continent…for now. Africa will define the future (especially the bitcoin one!). Not sure where yet, but I’ll be living here for 3-6 months mid 2020. Grateful I was able to experience a small part. ??
I suppose this has to go hereSad to be leaving the continent…for now. Africa will define the future (especially the bitcoin one!). Not sure where yet, but I’ll be living here for 3-6 months mid 2020. Grateful I was able to experience a small part. ??
https://twitter.com/nme/status/1074952674758537216
Twitter CEO Jack Dorsey sent beard shavings to Azealia Banks so she could make an amulet to protect him from ISIS
Bill Pulte got of zero
"I recently bought 11 bitcoins"
https://twitter.com/pulte/status/12051256094012579...
"I recently bought 11 bitcoins"
https://twitter.com/pulte/status/12051256094012579...
Thesprucegoose said:
What does thst mean, the amount is pretty insignificant?
In other news, BTC is down circa 50% in 6 months, still the future though i guess, to the moon tommorow?
It is ridiculous , imagine trying to actually use it to buy something.
The amount is inconsequential, but it is >0. Which is the point of getting off zero as a concept.In other news, BTC is down circa 50% in 6 months, still the future though i guess, to the moon tommorow?
It is ridiculous , imagine trying to actually use it to buy something.
Why is price volatility of a tradable instrument ridiculous?
Gold, in £, is down 8% in 3 months, imagine trying to actually use it to buy something.
And remember, if you don’t like it, you can stay on zero. No problem at all
JPJPJP said:
And remember, if you don’t like it, you can stay on zero. No problem at all
The LDN was the next big thing, that fizzed away. Its the digital gold but loses 50% of value in six months. It been going 10 years so what will define it as a success, considering it's use is purely speculative?
Edited by Thesprucegoose on Thursday 12th December 19:41
Thesprucegoose said:
Stay at zero, is this a new saying, it is pretty cringe?
The LDN was the next big thing, that fizzed away. Its the digital gold but loses 50% of value in six months. It been going 10 years so what will define it as a success, considering it's use is purely speculative?
LDN?The LDN was the next big thing, that fizzed away. Its the digital gold but loses 50% of value in six months. It been going 10 years so what will define it as a success, considering it's use is purely speculative?
Edited by Thesprucegoose on Thursday 12th December 19:41
It may stay as a purely speculative instrument right up to the moment it vanishes into nothing.
I don’t see any problem with that.
I have no substantive view on it’s future other than that I would be more surprised if it had vanished in five years than if it was still around
Remind me what the gold price did in the months after September 2012, or October 1980.
I don’t see any problem with that.
I have no substantive view on it’s future other than that I would be more surprised if it had vanished in five years than if it was still around
Remind me what the gold price did in the months after September 2012, or October 1980.
g4ry13 said:
I might be a bit late to the party but did anyone listen to the podcast about the Cryptoqueen and One Coin?
It's been an interesting listen so far. Pretty typical of any pyramid scam but on a huge level.
Yes for me, even though one coin was made to be clearly a ponzi, i think the whole crypto industry isn't really that far behind. It's been an interesting listen so far. Pretty typical of any pyramid scam but on a huge level.
Thesprucegoose said:
g4ry13 said:
I might be a bit late to the party but did anyone listen to the podcast about the Cryptoqueen and One Coin?
It's been an interesting listen so far. Pretty typical of any pyramid scam but on a huge level.
Yes for me, even though one coin was made to be clearly a ponzi, i think the whole crypto industry isn't really that far behind. It's been an interesting listen so far. Pretty typical of any pyramid scam but on a huge level.
JPJPJP said:
Thesprucegoose said:
What does thst mean, the amount is pretty insignificant?
In other news, BTC is down circa 50% in 6 months, still the future though i guess, to the moon tommorow?
It is ridiculous , imagine trying to actually use it to buy something.
The amount is inconsequential, but it is >0. Which is the point of getting off zero as a concept.In other news, BTC is down circa 50% in 6 months, still the future though i guess, to the moon tommorow?
It is ridiculous , imagine trying to actually use it to buy something.
Why is price volatility of a tradable instrument ridiculous?
Gold, in £, is down 8% in 3 months, imagine trying to actually use it to buy something.
And remember, if you don’t like it, you can stay on zero. No problem at all
It changes to the latest thing. It's digital gold, it's a currency for the third world, it's a fast payment system. The fact is no one knows what it is, but it is extremely volatile, it's price is manipulated by exchanges, probably invented by the CIA/NSA to boot, which would the be ironic thing.
It was the freedom from banks but seems to ended up massively entwined with them now, so defeats it's whole purpose
It was the freedom from banks but seems to ended up massively entwined with them now, so defeats it's whole purpose
Thesprucegoose said:
Stay at zero, is this a new saying, it is pretty cringe?
It’s one of the new passive aggressive retail punter terms used to patronise those who are not onboard the rocket that is set for the moon. While obviously anyone short is an evil lying scumbag who is trying to rob your children of their inheritance (note, obviously the father’s gambling habit does that in reality) the person who has no net position isn’t actually a believer either, he’s the sort of alien one might meet who says they probably aren’t a diehard fan of a football team. The totally inconceivable scenario of someone who might like the football team but doesn’t attend every game and have the name of the latest high profile player branded onto their first born’s forehead. The non devout are still subtly against you so they must be derided. Such is the fun of the world penny share punting and it’s ilk. ‘Flat’ is of course the correct phrase but the one that we use is ‘perfectly or efficiently hedged’.
All good points. And all points that anyone even thinking about risking any money on any crypto should take seriously.
In my research I found that only bitcoin held any interest at all for me. I found many, many scam coins and “ico” tokens that were clearly frauds from the get go. It remains entirely unregulated (maybe some of the futures could be called regulated I suppose) and there are many exchanges and other intermediaries that, if you use them, you will lose your money or your crypto or both. There is no convincing use case and there may never be one. The whole crypto thing could prove to be a fraudulent system of some sort that costs everyone involved all their wealth, above and beyond the money they might put up for crypto.
Staying on zero is a very valid position. It is, in my interpretation, a position taken on the basis of looking at and then deciding not to get involved. It is different from not participating despite not even having a look.
Im happy to own bitcoins (cold wallets, own private keys) in my portfolio. I’m quite content that other people have more of their money in more crypto investments than I do. And that more people have none.
I would never encourage anyone to do anything more than check, from time to time, that they are happy with their own view of crypto. Wherever that is on the spectrum of views, if it is your position, then it is the correct one for you. And, if people don’t even want to do such a check ever, that’s ok too.
In my research I found that only bitcoin held any interest at all for me. I found many, many scam coins and “ico” tokens that were clearly frauds from the get go. It remains entirely unregulated (maybe some of the futures could be called regulated I suppose) and there are many exchanges and other intermediaries that, if you use them, you will lose your money or your crypto or both. There is no convincing use case and there may never be one. The whole crypto thing could prove to be a fraudulent system of some sort that costs everyone involved all their wealth, above and beyond the money they might put up for crypto.
Staying on zero is a very valid position. It is, in my interpretation, a position taken on the basis of looking at and then deciding not to get involved. It is different from not participating despite not even having a look.
Im happy to own bitcoins (cold wallets, own private keys) in my portfolio. I’m quite content that other people have more of their money in more crypto investments than I do. And that more people have none.
I would never encourage anyone to do anything more than check, from time to time, that they are happy with their own view of crypto. Wherever that is on the spectrum of views, if it is your position, then it is the correct one for you. And, if people don’t even want to do such a check ever, that’s ok too.
Gassing Station | Finance | Top of Page | What's New | My Stuff